Tuesday September 27, 2016
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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Facebook: The Zuckerburg Red Herring

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- Tom Winnifrith

There seems tremendous excitement among the Facebook (FB) bulls about today’s announcement that CEO Mark Zuckerburg has agreed not to sell any shares for a year. This is a total red herring. The reality is that Zuckerburg has already trousered billions from share sales. He patently has more cash than anyone can hope to spend in a lifetime. As such, were he even to sell a handful of Facebook shares, this would be seen as a cue for absolutely everyone to head for the exit.

The reality for poor Zuckerburg

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